"From my perspective if 30 million tonnes is worth $30 million...

"From my perspective if 30 million tonnes is worth $30 million USD to the Chinese, what's 2-3 Billion tonnes worth to them?"


That's a very valid point Fishies and we are less than 50% explored, what treasures await in the other 50% plus, could be more icing on the cake.

What will a keen buyer pay then ?

And this snippet from the AFR

Aluminium is the next iron ore, Citi predicts Alex Gluyas Markets reporter Feb 24, 2023 – 10.55am

Citi has called time on the rally in iron ore prices, switching its preferred commodity exposure to aluminium for the next leg of the Chinese economy’s reopening story.The broker highlighted many supply risks facing the metal, which analysts expect to coincide with a seasonal and reopening-driven recovery in. etc.